Analysts Are Upgrading These 5 Stocks

01. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 67

Oracle Corporation (NASDAQ:ORCL) is a one-stop shop for software infrastructure solutions and services. The Oracle Cloud Infrastructure (OCI) provides complete solutions for Cloud deployment, including services related to servers, storage, network, applications, and services. Some of the top companies in the world are using OCI and Oracle Cloud services, including Uber, Zoom, Toyota, Cox Automotive, Cognizant, among others.

On June 13, Goldman Sachs revised their recommendation on Oracle Corporation (NYSE:ORCL), upgrading it from Sell to Neutral. They have also set a price target of $120.00. The upgrade comes as the company’s earnings and guidance have addressed some of the concerns previously outlined in Goldman Sachs’ Sell thesis. These concerns mainly revolved around the increasing capital expenditure needed to sustain growth in Gen2 OCI and the continuous loss of market share in the company’s core database business.

Ariel Focus Fund made the following comment about Oracle Corporation (NYSE:ORCL) in its Q1 2023 investor letter:

“Additionally, global leader in enterprise software, Oracle Corporation (NYSE:ORCL) traded higher in the quarter, driven by solid quarterly earnings, a material increase in the dividend as well as forward looking guidance that implies a substantial acceleration in organic cloud growth for full year 2023. We believe these results highlight ORCL’s ability to effectively cross-sell and upsell apps and infrastructure, as well as the emergence of the company’s cloud platform as a competitive offering.”

Disclosure: None. You can also take a look at 10 Technology Dividend Stocks Billionaires Are Loading Up On and 10 5G Stocks Billionaires Are Loading Up On.